US Financial Audit Report 2018

WATOTO CHILD CARE MINISTRY, INC. STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2018 Without Donor Restrictions Assets Current Assets Cash and cash equivalents Investments Accounts receivable Inventory Program inventory Prepaid assets

$

Total Current Assets Property and equipment, net of accumulated depreciation of $231,695 Total Assets

585,849 248,313 257,190 90,065 1,693 105,954

With Donor Restrictions

$

Total

985,329 -

$ 1,571,178 248,313 257,190 90,065 1,693 105,954

1,289,064

985,329

2,274,393

1,409,781

-

1,409,781 $ 3,684,174

$

2,698,845

$

985,329

$

96,482 55,125

$

-

Liabilities and Net Assets Current Liabilities Accounts payable Current portion of note payable

$

96,482 55,125

Total Current Liabilities

151,607

-

151,607

Long-term note payable

443,701

-

443,701

595,308

-

595,308

1,192,582 910,955

-

1,192,582 910,955

2,103,537

-

2,103,537

-

985,329

985,329

-

985,329

985,329

2,103,537

985,329

3,088,866

985,329

$ 3,684,174

Total Liabilities Net Assets Without donor restrictions: Undesignated Invested in property and equipment Total Net Assets Without Donor Restrictions With donor restrictions: Purpose restrictions Total Net Assets With Donor Restrictions Total Net Assets Total Liabilities and Net Assets

$

2,698,845

$

Read Report of Independent Certified Public Accountants.

The accompanying notes are an integral part of these financial statements.

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